Located close to the Republic’s industrial center, Tuas is a new port development that can handle up to 65 million twenty-foot equivalent units (TEUs) annually, nearly double the 35 million TEU capacity of the city-state’s current PSA terminals.
The first phase of Tuas is scheduled to open in 10 years, just in time for the 2027 expiration of the leases for Singapore’s city terminals at Tanjong Pagar, Keppel, and Pulau Brani.
In the long term, the newly completed Terminals 1 and 2 of Pasir Panjang will be merged in Tuas as well. However, in the interim, port operator PSA Singapore will be proceeding with Phases 3 and 4 of the Pasir Panjang development, which will have 250 hectares of terminal space, plus 15 new berths and approximately 6km of quay length.
The Pasir Panjang expansion, which is estimated to cost about $3.5 billion, will increase PSA Singapore’s maximum draft from 16 to 18 meters to accommodate a new wave of mega-sized containerships that can carry 18,000 20-foot containers...Through this initiative, Singapore will have one of the world’s most advanced international ports. Established in 1998, Rikvin has since partnered with thousands of investors, entrepreneurs and professionals in their pursuit to access business opportunities overseas. Rikvin’s areas of expertise include Singapore company registration, offshore company setup, accounting, taxation and other related corporate services. Rikvin is also a licensed employment agency with the Ministry of Manpower (MOM) and offers a full spectrum of Singapore work pass services for foreign professionals who wish to relocate to Singapore.
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